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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Milford, UT Housing Affordability Index

Milford, Utah has an MBR Housing Affordability Index score of 228.8 (Highly Affordable) as of October 30, 2026, ranking 2nd most affordable of 253 scored Utah cities, compared with 90.8 statewide and 97.4 nationally. On a median-priced $256,600 home with 20% down, the Utah average 30-year fixed rate of 7.16% means a monthly principal and interest payment of about $1,388, or 20% of the city’s $82,368 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Milford is updated every night from live Utah mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Milford MBR-HAI 228.8 Highly Affordable
Rank in Utah 2 of 253 1 = most affordable
Utah 90.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.16% Utah lenders
Median home value $256,600 U.S. Census Bureau

Milford is 138.1 points above the Utah score. Scores as of October 30, 2026. See the Utah index

View Milford Mortgage Rates

What It Takes to Buy in Milford

$1,388/mo
Principal & Interest
Median home, 20% down, 7.16%
$59,500
Income Needed
To keep the payment at 28% of income
$82,368
Median Household Income
Utah: $95,166
3.1x
Price-to-Income Ratio
Utah: 5.1x
$1,082/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,225/yr
Median Property Tax
0.48% of median value
9.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
2.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Milford, Utah. The rate is the Utah average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Milford Ranks in Utah

Cities with similar scores
#1Aneth261.7
#2Milford228.8
#3Cleveland227.2 #4Ferron198.0 #5Neola186.8
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Cite the Milford Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Milford, Utah score: 228.8 (Highly Affordable), ranked 2 of 253 Utah cities. monitorbankrates.com/housing-affordability-index/utah/milford”